The telecom industry is as competitive as ever and ever since Reliance Jio entered the market, things have not been going well for rival tel...
The telecom industry is as competitive as ever and ever since Reliance Jio entered the market, things have not been going well for rival telcos. The Vodafone group recently debunked the ongoing rumours that it will soon exit India but both, Airtel and Vodafone-Idea need to pay a combined amount of over Rs 80,000 crore in dues, which has been ordered by the Supreme Court. Now, in a bid to make up for losses, generate revenue and get out of the financial slump, the two telcos have announced of increasing ṭheir current tariffs rates, from December 1.
In a separate media statement, both Vodafone-Idea and Airtel have announced that their tariffs will increase from December 1, 2019. Vodafone says that the mobile data charges in India are the cheapest in the world, even when data consumption and demand is going up. “To ensure that its customers continue to enjoy world class digital experiences, Vodafone Idea will suitably increase the prices of its tariffs effective 1 December 2019,” Vodafone said in a statement.
Similarly, Airtel mentioned how the telecom sector requires intensive continuous investments to keep up with fast-changing tech. “It is, therefore, extremely important that the industry remains viable to support the vision of Digital India. Accordingly, Airtel will appropriately increase price offerings in the month beginning December,” Airtel’s statement reads.
Both the telcos have not yet revealed where the increased tariffs will be implemented and how it will affect their consumers. Prices of prepaid and postpaid recharge options can be expected to increase, but nothing is confirmed yet. As mentioned earlier, the news of increasing tariff comes soon after Vodafone Idea and Airtel reported of combined losses of over Rs 80,000 crores in the September quarter, which are a result of a recent Supreme Court ruling on statutory dues that they need to pay.
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